Still trade if won the Lottery?

LostPigeonCoo · Oct 8, 2009, 11:22am

If you won £20mln on the lottery this week would you still trade the markets? how much would you trade in to the markets?
How could you trade a mare £10k, £50k or £100k when you got £20 Mln?
That's the thing with trading, because you got a lot of funds, would you want to trade with a few million or more or a small amount? what if you been trading for only a year? or less? if your a Pro Trader having only traded 20k max? or 500k, You should never commit a lot, even if your new to trading.

You won't be used to trading millions for the first time right?
I'll heard of Lottery winners putting huge amounts in to the market thinking they can win loads because they commited so much expecting huge returns.

How would winning the £20mln Lottery change you as a trader? if you have everything you want? Most people trade because they have goals to reach. Would you still trade the same markets you use or move on to risky markets?

Masquerade · Oct 8, 2009, 11:28am

Very unlikely. I'd probably go and enjoy life. If I got bored and wanted to make some money i'd play high stakes poker. If i'm really bored and in need of some money then i'd probably stick a few million in and trade. Trading Fx with £1 million or £10,000 isn't going to make any difference.

Trading's a crap thing and if i'm enjoying life, can buy whatever I want and not bored then I wouldn't look at a chart again.

donaldduke · Oct 8, 2009, 11:33am

You need to protect your 20mln against inflation.
So if you know how to trade profitable, best to do this yourself.

20 years from now 20mln wont be worth much.

Skill Leverage · Oct 8, 2009, 11:34am

Exponentially increasing your size would be silly, you haven't become a better trader just because you're rich. I would definitely up my size a tad though, and you'd be able to be far more relaxed I'd imagine!

LostPigeonCoo · Oct 8, 2009, 11:52am

Quote:

Originally Posted by donaldduke

You need to protect your 20mln against inflation.
So if you know how to trade profitable, best to do this yourself.

20 years from now 20mln wont be worth much.

What would be the best way to protect it against inflation? Gold no? FX?? Bonds?
If you had 5 million in 1940 how much would that be worth now?

GammaJammer · Oct 8, 2009, 12:02pm

Being a trader is the only thing that keeps me humble these days. I'd be lost without an honest profession.

donaldduke · Oct 8, 2009, 12:25pm

Quote:

Originally Posted by LostPigeonCoo

What would be the best way to protect it against inflation? Gold no? FX?? Bonds?
If you had 5 million in 1940 how much would that be worth now?

The pound held up very well between 1700 and 1930.

But after that it has collapsed..

arabianights · Oct 8, 2009, 12:33pm

of course I would. Biggest euromillions win is in the region of 120 million odd, and I need at least a few trillion for my plans

View Poll Results: Still trade if won the Lottery?
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No	8	23.53%
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Oct 8, 2009, 11:22am	#1
LostPigeonCoo Senior Member Member Since Sep 2009 361 Posts	Still trade if won the Lottery? If you won £20mln on the lottery this week would you still trade the markets? how much would you trade in to the markets? How could you trade a mare £10k, £50k or £100k when you got £20 Mln? That's the thing with trading, because you got a lot of funds, would you want to trade with a few million or more or a small amount? what if you been trading for only a year? or less? if your a Pro Trader having only traded 20k max? or 500k, You should never commit a lot, even if your new to trading. You won't be used to trading millions for the first time right? I'll heard of Lottery winners putting huge amounts in to the market thinking they can win loads because they commited so much expecting huge returns. How would winning the £20mln Lottery change you as a trader? if you have everything you want? Most people trade because they have goals to reach. Would you still trade the same markets you use or move on to risky markets? __________________ Check Out my Top Videos. http://www.youtube.com/watch?v=eFDzSIXUX8E

Oct 8, 2009, 11:28am	#2
Masquerade Legendary Member Member Since Nov 2007 2,549 Posts	Re: Still trade if won the Lottery? Very unlikely. I'd probably go and enjoy life. If I got bored and wanted to make some money i'd play high stakes poker. If i'm really bored and in need of some money then i'd probably stick a few million in and trade. Trading Fx with £1 million or £10,000 isn't going to make any difference. Trading's a crap thing and if i'm enjoying life, can buy whatever I want and not bored then I wouldn't look at a chart again.

Oct 8, 2009, 11:33am	#3
donaldduke Legendary Member Member Since Jan 2004 1,640 Posts	Re: Still trade if won the Lottery? You need to protect your 20mln against inflation. So if you know how to trade profitable, best to do this yourself. 20 years from now 20mln wont be worth much.

Oct 8, 2009, 11:34am	#4
Skill Leverage Legendary Member Member Since Nov 2008 1,321 Posts	Re: Still trade if won the Lottery? Exponentially increasing your size would be silly, you haven't become a better trader just because you're rich. I would definitely up my size a tad though, and you'd be able to be far more relaxed I'd imagine!

Oct 8, 2009, 12:02pm	#6
GammaJammer Legendary Member Member Since Sep 2004 4,750 Posts	Re: Still trade if won the Lottery? Being a trader is the only thing that keeps me humble these days. I'd be lost without an honest profession. __________________ "That which doesn't kill me makes me stronger"

Oct 8, 2009, 12:33pm	#8
arabianights Legendary Member Member Since Jan 2007 6,782 Posts	Re: Still trade if won the Lottery? of course I would. Biggest euromillions win is in the region of 120 million odd, and I need at least a few trillion for my plans __________________ World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes. No nuisance spread betters please. Anyone else welcome.

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